Tech ETFs Break Support
The tech-focused tradable
funds Wednesday, some breaking below support levels, after tech shares fell on
an overnight warning from Sun Microsystems and analyst downgrades.
The
Morgan Stanley Internet streetTRACKS
(
MII |
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PowerRating) lost 9.3%, the day’s sharpest
loss among the exchange-traded funds. The B2B Internet HOLDR
(
BHH |
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PowerRating) lost
6.9%, the Broadband HOLDR
(
BDH |
Quote |
Chart |
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PowerRating) 6.8%, the Semiconductor HOLDR
(
SMH |
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Chart |
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PowerRating)
6.5%, the Internet Infrastructure HOLDR
(
IIH |
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Chart |
News |
PowerRating) 6.3%, the Internet
Architecture HOLDR
(
IAH |
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News |
PowerRating) 6.1%, the Dow Jones Technology iShares
(
IYW |
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Chart |
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PowerRating)
5.3%, the Software HOLDR
(
SWH |
Quote |
Chart |
News |
PowerRating) 5.3%, the Dow Jones Internet iShares
(
IYV |
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Chart |
News |
PowerRating)
5.1%.
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